What do we have here? If we go back 12 months or so, (e.g. below), we can realise how much the company's 2017 drilling program has improved the understanding of this resource. In particular, the discovery of the lower PY3 zone of mineralization and the improved modelling of the resource, are two features of the deposit that have only come to light in 2017. But, the share price has not reflected these changes. (It was about 20 cents last year.) Also, can't explain the lack of interest by posters on Hot Copper. At the moment the company is working on the resource upgrade, and I think its going to be huge. How will it compare to ARL, CLQ, COB, etc? Any thoughts?
(A paragraph from AML report dated 22Dec2016): The high-grade mineralisation close to the Fish River Fault has highlighted the potential for further high grade zones of near surface Cu-Co-Zn zones elsewhere along the Fish River Fault corridor as shown in the figure below. In particular, it has highlighted the potential within the 4.5km strike of the Walford Creek Resource west of the Vardy Zone, where drilling was broadly spaced and generally not focussed close to the Fault. Additionally, the Vardy Zone is open directly along strike to the north east where significant mineralisation was intersected in the final two holes of the 2016 program, WFDD222 and 223. Those holes intersected mineralisation deeper than expected and have led to a reassessment of the geology at this eastern end of the Vardy Zone. It now appears that the Fish River Fault is either offset or splays to the north east."
AML Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held